Symposium on the Public Finance after the Crisis: Europe

Abstract

This symposium aims at encouraging the academic discussion surrounding public finance after the fiscal crisis in Europe under the particular consideration of Eurozone-specific economic, political, social as well as institutional aspects. The articles in this symposium blend the negative and positive approach to fiscal policy coordination in Europe. The papers examine the economic responses in a set of EU countries during major consolidation periods following the recent Financial Crisis, and evaluate if fiscal rules that focus on debt constraint are feasible under various economic scenarios.